IIP quickens to 7.5%, inflation softens

Retail inflation, based on Consumer price index (CPI), was at 5.07 percent in January.

While cheaper food articles and lower cost for fuel pushed consumer inflation lower, industrial output spurted due to a good show by manufacturing coupled with higher offtake of consumer and capital goods. While the manufacturing sector grew 8.7% in January, compared with 2.5% in the same month past year, capital goods grew 14.6% and consumer non-durables 10.5% in the month under review. However, the mining sector saw a flat growth of 0.1 per cent compared to 8.6 per cent a year ago. However, the core CPI inflation rose marginally to 5.04% in February 2018 compared with 5.00% in January 2018.

The cumulative IIP growth for the April-January period of the current fiscal, at 4.1 per cent, was lower than the 5 per cent posted in same period of 2016-17. The price of vegetables has risen by 17.57% in February compared to the corresponding period in 2017 while the price of eggs rose 8.51%, and that of milk and related products increased 3.83%.

In January, apparel played a major role in boosting inflation, with the biggest rise in prices in about 28 years.

Though it will give comfort to the Centre that had been under pressure after demonetisation, implementation of Goods and Services Tax and the Punjab National Bank scam, experts expect the Reserve Bank of India to maintain a status quo on rates.

"This easing appears to have come largely on the back of a slowdown in the food price inflation on account of one-off seasonal factors", Richa Gupta, senior economist and senior director, Deloitte India said.

Your SO OF COURSE preview of WWE Fastlane 2018Cena and Styles then started hammering each other before the 16-time champion was surrounded by the other competitors in the ring. That was seemingly confirmed by Asuka herself after the show, when she admitted she had picked Flair as her opponent for Mania .

In February, consumer food price index softened to 3.26 per cent as against 4.7 per cent in January. In all 16 out of 23 industry groups in the manufacturing sector showed growth in January.

Besides, industry bodies yet again nudged the RBI to lower interest rate as retail inflation fell to a 4-month low of 4.44 percent in February.

Eon, RWE argree Innogy carve-upEON has spun off its fossil fuel operations and invested heavily in renewables, while RWE remains the biggest power producer. Finally, the agreement provides for a EUR1.5 billion cash payment from RWE to E.ON.

Share

Related Articles

Tillerson's visit, according to US Department of State, is to further US partnerships with the governments and people of Africa. On Saturday while visiting Nairobi, Tillerson, 65, cancelled his scheduled events because he had been feeling unwell.

Chung is visiting China to discuss his recent visit to North Korea , at which the two Koreas agreed to hold a summit next month. China was willing to promote the healthy and stable development of North Korea-South Korea relations, Yang said.

However, many Android users, through unauthorised WhatsApp versions could delete WhatsApp message as old as 3 years. However, it must be noted that the extended deadline is live for WhatsApp Android beta version 2.18.69.

But Goldman said on Monday that Mr Schwartz will retire on April 20, leaving Mr Solomon as the most likely contender. Schwartz came up through Goldman's trading business, where he played a central role during the 2008 financial crisis.

In year's past, the California Special wasn't much more than graphics package and e few extra cosmetic trim pieces. But the company did announce that the new model year cars will go on sale this summer.

Police have ordered reinforcements around all diplomatic missions in Vienna , which is also home to many worldwide organizations. The 23-year-old Austrian soldier first tried to stop the attack with sour spray.

The luminary lights attach to walls and are available in a four styles: Lucca , Tuar, Turaco, and Ludere . Last but not the least, Calla is the bollard light which can be used to light up a driveway or path.

At the same time, first-day sales of S9 and S9 Plus devices in Korea were reported to be only 70 percent of that of the S8. The highlights are the Galaxy S8 and Note 8 , with the phones expected to get Oreo on March 19 and 28, respectively.

Re-imagining the lives of the Royal Family as if characters in a television soap opera, the sitcom will be back on screens in May. The Commonwealth Service is the largest inter-faith gathering in the United Kingdom and is now being televised on the BBC.

Hand has been charged as a fugitive from justice, MA police said, and he will appear in court in North Carolina on Monday. The 61-year-old is now in custody in North Carolina and will be brought back to MA to be prosecuted for Tracy's murder.

Latest news

Mario navigates trips in latest Google Map update
Once its pressed, you'll get a prompt to enable " Mario Time" - and, instead of a navigation arrow, Mario will pop up on screen. The Japanese game company is now working on Mario Kart Tour , a mobile game whose exact release date is yet to be revealed.

Lower Priced 13-inch Retina MacBook Coming in June
It'll be priced somewhere around the $999 price point the current Air sits at, although it may cost a bit more or less. That's a lot higher than the 1440 x 900 in today's Air and it's even sharper than the 12-inch MacBook's 2304 x 1440.

Sir William Henry Perkin Google Logo
Google's Doodle features Perkin, dressed in shades of purple in front of a crowd of people dressed in similarly vivid colors. Queen Victoria herself wore a mauveine-dyed gown to the Royal Exhibition of 1862, making Perkin's invention a huge hit.

Pakistan's arms imports from US plummet by 76pc: SIPRI
In fact, Indian arms imports have increased in the past five years, despite a continued push for indigenous production. Arms exports by Russian Federation decreased by over seven percent between 2008-12 and 2013-17, the report says.

England cricketer Ben Stokes denies affray charge
Fellow defendants Ryan Ali , 28, and Ryan Hale , 26, appeared in person at the court and also denied the charge. Stokes is due to play in the Indian Premier League after being sold for $1.9 million to the Rajasthan Royals.

Tim McGraw collapses on stage
Country music superstar Tim McGraw collapsed onstage Sunday night during a concert in Dublin, Ireland, leaving fans terrified. McGraw's Soul2Soul Tour with Hill will resume on May 31 in Richmond, Va., and they will tour heavily through July.

Sensex Soars Over 600 Points; Nifty Closes Above 10400
However, later it gave up some of the gains but still ended up by 610.55 points, or 1.83 per cent, at one-week high of 33,917.94. Equity markets on Monday turned encouragingly buoyant as Sensex posted its biggest gain in intra-day trade since March 2016.